LGRO vs QQQ
Level Four Large Cap Growth Active ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | LGRO | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $144M | $496.3B | |
| Dividend Yield | 0.35% | 0.44% | |
| Holdings | 49 | 108 | |
| YTD Return | +14.61% | +16.64% | |
| 1Y Return | +25.51% | +27.27% | |
| 3Y Return (annualized) | +23.47% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 16.9% | 30.6% | |
| Max Drawdown | -23.3% | -83.0% | |
| Fund Family | ALPS Advisors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Aug 22, 2023 | Mar 10, 1999 |
LGRO vs QQQ Performance
Level Four Large Cap Growth Active ETF (LGRO) is a ETF from ALPS Advisors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year LGRO returned +25.51% while QQQ returned +27.27%. Year to date, LGRO is up 14.61% versus a gain of 16.64% for QQQ.
Over three years, LGRO compounded at +23.47% per year against +25.96% for QQQ. Across the full 3-year window we track, LGRO has the edge at +23.47% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 16.9% for LGRO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.3% for LGRO and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LGRO charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, LGRO currently yields 0.35% against 0.44% for QQQ.
Holdings Overlap
LGRO and QQQ share 19 holdings out of 131 unique holdings combined, representing a 40.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LGRO or QQQ?
LGRO has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, LGRO or QQQ?
Over the past year LGRO returned +25.51% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), LGRO annualized +23.47% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, LGRO or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.9% for LGRO. Worst drawdown: LGRO -23.3% vs QQQ -83.0%.
Should I hold both LGRO and QQQ?
LGRO and QQQ have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LGRO and QQQ?
LGRO and QQQ share 19 common holdings with a 40.4% weight overlap. Combined, they hold 131 unique securities.
Which pays a higher dividend, LGRO or QQQ?
LGRO yields 0.35% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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